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Bitcoin, Mining and Farming Stocks Hit Gold

💰 Bitcoin just hit a new all-time high above $20,000, prompting a handful of publicly traded companies dealing with blockchain to rise. The biggest winner is Marathon Patent Group, featured in one of our deeper dives on Rippers several weeks ago. $MARA interfaces in Bitcoin mining — a lucrative, albeit expensive, field. $MARA has run up 700% this year, well above Bitcoin’s 205% run.

⛏ It turns out Bitcoin isn’t the only thing we’re mining today. They’re joined by Coeur Mining, which ripped 12.84% today. The ‘gold rush’ was largely due to the impressive rate from which $CDE is taking gold and silver out of the ground. In Q3, the mining company produced over 95,000 ounces of gold and 2.6 million ounces of silver.

🌱 Can you think back to high school when your teacher talked about hydroponics? Aka growing plants in things that are *not* traditional soil. It turns out that two hydroponics companies scored back-to-back places on today’s list. GrowGeneration, which has been featured on the list three times before, is up 11.6%. $GRWG is joined by the imaginatively named Hydrofarm Holdings Group, which just IPOed last week. $HYFM is up 11.2% today. Hydroponics have been loosely related to a rush in the cannabis space, with many believing that hydroponics will mediate a boom in the marijuana growing sector.

Noah Weidner

Noah Weidner is a restless self-starter with a vehement interest in all things that make the world go around: culture, politics, economics and all the people in between. He writes the Bullish Rippers series and covers other interesting trends and happenings at Bullish.

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